15 Lakeview Pl , Verona Twp., Essex 07044-2043
- $1,050,000
- $1,050,000
Overview
- Residential Income
- 5
- 3
Description
Turnkey, income-producing 3-unit property delivering top-of-market rents in one of Essex County’s most sought-after communities. 15 Lakeview Place has been fully renovated interior (2021), offering an investor a modernized asset with strong current cash flow and minimal near-term capital requirements. All three units are leased through July 31, 2026, generating a combined $6,559/month ($78,708 annually). Unit mix consists of two 2-bedroom/1-bath apartments and one 1-bedroom/1-bath with rents already at or near market, this is a true stabilized asset ready to perform from day one. Each unit is separately metered with tenants covering their own utilities, keeping operating costs predictable and landlord exposure low. Assigned driveway parking per unit and in-basement laundry round out a tenant-friendly package that supports strong retention with all leases rolling simultaneously in July 2026. The next owner will step in with a clean, stabilized income stream today and a straightforward path to renewing at market or re-tenanting from a position of strength. Verona continues to command premium rental demand thanks to its top-rated schools, walkable downtown, and direct NYC transit access making 15 Lakeview Place an ideal long-term hold in a high-barrier-to-entry market.
Address
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Address: 15 Lakeview Pl
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City: Verona Twp.
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State/county: Essex
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Zip/Postal Code: 07044-2043
Details
Updated on April 21, 2026 at 8:14 am-
Property ID HZ4017441
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Price $1,050,000
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Land Area 0.17 Acres
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Bedrooms 5
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Rooms 14
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Bathrooms 3
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Garage Size x x
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Year Built 1900
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Property Type Residential Income
Additional details
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Roof Asphalt Shingle
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Utilities Electric, Gas-Natural
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Sewer Public Sewer
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Cooling Window A/C(s)
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Heating 3 Units
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County Essex
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Property Type Residential Income
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Architectural Style 3-Three Story
Mortgage Calculator
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